-(220-x-200-px)-(130-x-130-px)-(220-x-200-px).jpg?lang=en-US&ext=.jpg)
.gif?width=200&height=200&mediaprotectionhash=ddb07947ad3b4ab959a83714461eccd5c6895f370695eb035a9ff7aa736f8ad9&ext=.gif)
Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
U. S. Steel Considers Idling Flat Rolled Plant
07 October 2015 - United States Steel Corporation is thinking about consolidating its North American flat rolled division and has given notice that it may temporarily idle its Granite City Works in Illinois, according to reports.
U. S. Steel Canada Can’t Afford Pension Contributions, Court Monitor Says
06 October 2015 - The court-appointed monitor in U. S. Steel Canada's (USSC) creditor protection case is supporting the company's request to halt pension plan contributions and retiree benefits, but is opposing parent United States Steel Corporation's request to cease providing ministrative and support services for the company.
Thailand’s SSI Enters Bankruptcy, Liquidates British Steel Works
06 October 2015 - Thailand's top steelmaker has declared bankruptcy as it liquidates its U.K. steel division.
Update: Mexico Imposing Additional Trade Protections for Domestic Steelmakers
30 September 2015 - Mexico is increasing duties on a variety of steel products, hoping to shield domestic producers from inexpensive imports from China and other countries.
Larger Overseas Investments May Be in Nippon Steel’s Future
29 September 2015 - Tokyo-based Nippon Steel & Sumitomo Metal Corp. has an eye out for merger and acquisition opportunities as it looks to expand its global customer base, company president Kosei Shindo told Reuters during an interview.
Special Steel Manufacturer Put Into Administration
28 September 2015 - A U.K. special steel manufacturer has been placed in the hands of a court-appointed administrator while a buyer is sought for the business.
U.K.’s Second-Largest Steelmaker Closing English Steel Works
28 September 2015 - Thailand’s Sahaviriya Steel Industries (SSI) said it will mothball its Redcar steel works in Teesside, England, and lay off approximately 1,700 employees -- most of its workforce.
U.S. Trade Commission Pursues Cold Rolled Import Investigation
25 September 2015 - Producers from seven countries appear to be selling hot rolled coil at less than market value, undercutting American producers, the U.S. International Trade Commission (ITC) has ruled.
As SSI Falters, U.K. Steelmakers Ask for Government Support
25 September 2015 - British steelmakers and labor unions have called on government to offer more help to the industry in the wake of the production halt at SSI UK’s Redcar mill.
Indian Steel Ministry Asks Producers to Consider Iranian Investments
22 September 2015 - India’s steel ministry has asked domestic producers to consider making capital investments in Iran, which is extending its rail network and expanding ports and highways, according to The Indian Express newspaper.
Four Appointed to LME's Steel Committee
22 September 2015 - The London Metal Exchange (LME) has added four members to its steel committee as it prepares to launch new contracts for steel scrap rebar in November, the exchange has announced.
SSI Suspends Production at U.K. Mill, Undertakes Debt Restructuring
21 September 2015 - Thailand's Sahaviriya Steel Industries (SSI) and three main creditors said they will attempt to restructure THB50 billion (US$1.4 billion) in debt to repair the steelmaker’s balance sheet, Reuters reported.
Report: EU To Set Minimum Price On GOES Imports
21 September 2015 - The European Union is preparing to set a minimum price on imports of a specialized steel from five countries, including the United States, according to Reuters.
More Layoffs Underway at U. S. Steel Corp.
18 September 2015 - United States Steel Corporation is laying off employees at its Pittsburgh, Pa., USA, headquarters, the Pittsburgh Business Times newspaper reported.
Institute: American Steel Exports Down in July
18 September 2015 - American-made steel exports fell by 8.1 percent in July, ending two straight months of increases, according to the American Institute for International Steel.
Unions: Lack of Support Threatens U.K Steel Industry
16 September 2015 - Labor unions have called on the British government to do more to support the country's steel industry following reports that SSI UK's Redcar works, along with roughly 3,000 jobs, are in jeopardy.
ArcelorMittal Fulfills Order for New Grade of Sheet Piling
14 September 2015 - ArcelorMittal has delivered 3,200 metric tons of a new steel to a Scottish seaport project, its largest shipment yet, the company has announced.
China Records August Increase in Crude Steel Output
14 September 2015 - Despite government-mandated mill shutdowns, China’s crude steel production grew in August, rising 1.7 percent from the previous month, reports BloombergBusiness.
Iron Ore Miner Reaffirms Estimate of 1B Tons of Chinese Steel Production
03 September 2015 - Chinese steel demand has slowed, but one of the world’s largest iron ore exporters is sticking with projections that the country’s demand will grow to 1 billion tons in the next 15 years.
IPSCO Halts Production at Iowa OCTG Mill
02 September 2015 - Oil country tubular goods producer TMK IPSCO is idling a casing and line pipe facility in Camanche, Iowa, USA, laying off 43.
